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Mortgage Calculator With Extra Payments

Mortgage Calculator with extra payments excel and lump sum to calculate your monthly mortgage payments. Extra payment mortgage calculator with multiple extra payments and lump sum has the option to export the printable amortization schedule with extra payments in excel or pdf format. The amortization table has all the details about your mortgage payments, such as principal & interest paid, additional mortgage payment, remaining balance as well as tax and insurance.

Extra Payment Mortgage Calculator

Home Value
$
Down Payment
Mortgage Amount
$
Loan Terms
Interest Rate
PMI (Yearly)
Property Tax (Yearly)
Home Insurance (Yearly)
HOA Fees (Monthly)
Payment Frequency
First Payment Date

Amortization Schedule
Extra Payments
One Time
$ On Date
Monthly or Biweekly
$ Starting Date
Quarterly
$ Starting Date
Yearly
$ Starting Date


Mortgage Calculator Results

Home Value: $300,000.00
Mortgage Amount: $255,000.00
Monthly Principal & Interest: $1,368.90
Monthly Extra Payment: $0.00
Monthly Property Tax: $250.00
Monthly Home Insurance: $125.00
Monthly PMI: (Until Oct, 2027) $106.25
Monthly HOA Fees: $0.00
Total Monthly Payment:
$1,850.15
Total # Of Payments: 360
Start Date: Feb, 2024
Payoff Date: Jan, 2054
Down Payment: $45,000.00
Principal: $255,000.00
Total Extra Payment: $0.00
Total Interest Paid: $237,802.25
Total Tax, Insurance, PMI and Fees: $139,781.25
Total of all Payments:
$677,583.50

Amortization Schedule with Extra Payments

Payment Date Payment # Interest Principal Tax, Insurance, PMI & Fees Total Payment Balance
Feb, 2024 1 $1,062.50 $306.40 $481.25 $1,850.15 $254,693.60
Mar, 2024 2 $1,061.22 $307.67 $481.25 $1,850.15 $254,385.93
Apr, 2024 3 $1,059.94 $308.95 $481.25 $1,850.15 $254,076.98
May, 2024 4 $1,058.65 $310.24 $481.25 $1,850.15 $253,766.74
Jun, 2024 5 $1,057.36 $311.53 $481.25 $1,850.15 $253,455.20
Jul, 2024 6 $1,056.06 $312.83 $481.25 $1,850.15 $253,142.37
Aug, 2024 7 $1,054.76 $314.14 $481.25 $1,850.15 $252,828.24
Sep, 2024 8 $1,053.45 $315.44 $481.25 $1,850.15 $252,512.79
Oct, 2024 9 $1,052.14 $316.76 $481.25 $1,850.15 $252,196.03
Nov, 2024 10 $1,050.82 $318.08 $481.25 $1,850.15 $251,877.96
Dec, 2024 11 $1,049.49 $319.40 $481.25 $1,850.15 $251,558.55
Jan, 2025 12 $1,048.16 $320.73 $481.25 $1,850.15 $251,237.82
Feb, 2025 13 $1,046.82 $322.07 $481.25 $1,850.15 $250,915.75
Mar, 2025 14 $1,045.48 $323.41 $481.25 $1,850.15 $250,592.33
Apr, 2025 15 $1,044.13 $324.76 $481.25 $1,850.15 $250,267.57
May, 2025 16 $1,042.78 $326.11 $481.25 $1,850.15 $249,941.46
Jun, 2025 17 $1,041.42 $327.47 $481.25 $1,850.15 $249,613.99
Jul, 2025 18 $1,040.06 $328.84 $481.25 $1,850.15 $249,285.15
Aug, 2025 19 $1,038.69 $330.21 $481.25 $1,850.15 $248,954.94
Sep, 2025 20 $1,037.31 $331.58 $481.25 $1,850.15 $248,623.36
Oct, 2025 21 $1,035.93 $332.96 $481.25 $1,850.15 $248,290.40
Nov, 2025 22 $1,034.54 $334.35 $481.25 $1,850.15 $247,956.05
Dec, 2025 23 $1,033.15 $335.74 $481.25 $1,850.15 $247,620.30
Jan, 2026 24 $1,031.75 $337.14 $481.25 $1,850.15 $247,283.16
Feb, 2026 25 $1,030.35 $338.55 $481.25 $1,850.15 $246,944.61
Mar, 2026 26 $1,028.94 $339.96 $481.25 $1,850.15 $246,604.65
Apr, 2026 27 $1,027.52 $341.38 $481.25 $1,850.15 $246,263.27
May, 2026 28 $1,026.10 $342.80 $481.25 $1,850.15 $245,920.47
Jun, 2026 29 $1,024.67 $344.23 $481.25 $1,850.15 $245,576.25
Jul, 2026 30 $1,023.23 $345.66 $481.25 $1,850.15 $245,230.59
Aug, 2026 31 $1,021.79 $347.10 $481.25 $1,850.15 $244,883.49
Sep, 2026 32 $1,020.35 $348.55 $481.25 $1,850.15 $244,534.94
Oct, 2026 33 $1,018.90 $350.00 $481.25 $1,850.15 $244,184.94
Nov, 2026 34 $1,017.44 $351.46 $481.25 $1,850.15 $243,833.48
Dec, 2026 35 $1,015.97 $352.92 $481.25 $1,850.15 $243,480.56
Jan, 2027 36 $1,014.50 $354.39 $481.25 $1,850.15 $243,126.17
Feb, 2027 37 $1,013.03 $355.87 $481.25 $1,850.15 $242,770.30
Mar, 2027 38 $1,011.54 $357.35 $481.25 $1,850.15 $242,412.94
Apr, 2027 39 $1,010.05 $358.84 $481.25 $1,850.15 $242,054.10
May, 2027 40 $1,008.56 $360.34 $481.25 $1,850.15 $241,693.77
Jun, 2027 41 $1,007.06 $361.84 $481.25 $1,850.15 $241,331.93
Jul, 2027 42 $1,005.55 $363.35 $481.25 $1,850.15 $240,968.58
Aug, 2027 43 $1,004.04 $364.86 $481.25 $1,850.15 $240,603.72
Sep, 2027 44 $1,002.52 $366.38 $481.25 $1,850.15 $240,237.34
Oct, 2027 45 $1,000.99 $367.91 $481.25 $1,850.15 $239,869.44
Nov, 2027 46 $999.46 $369.44 $375.00 $1,743.90 $239,500.00
Dec, 2027 47 $997.92 $370.98 $375.00 $1,743.90 $239,129.02
Jan, 2028 48 $996.37 $372.52 $375.00 $1,743.90 $238,756.50
Feb, 2028 49 $994.82 $374.08 $375.00 $1,743.90 $238,382.42
Mar, 2028 50 $993.26 $375.64 $375.00 $1,743.90 $238,006.79
Apr, 2028 51 $991.69 $377.20 $375.00 $1,743.90 $237,629.59
May, 2028 52 $990.12 $378.77 $375.00 $1,743.90 $237,250.81
Jun, 2028 53 $988.55 $380.35 $375.00 $1,743.90 $236,870.46
Jul, 2028 54 $986.96 $381.93 $375.00 $1,743.90 $236,488.53
Aug, 2028 55 $985.37 $383.53 $375.00 $1,743.90 $236,105.00
Sep, 2028 56 $983.77 $385.12 $375.00 $1,743.90 $235,719.88
Oct, 2028 57 $982.17 $386.73 $375.00 $1,743.90 $235,333.15
Nov, 2028 58 $980.55 $388.34 $375.00 $1,743.90 $234,944.81
Dec, 2028 59 $978.94 $389.96 $375.00 $1,743.90 $234,554.85
Jan, 2029 60 $977.31 $391.58 $375.00 $1,743.90 $234,163.27
Feb, 2029 61 $975.68 $393.21 $375.00 $1,743.90 $233,770.05
Mar, 2029 62 $974.04 $394.85 $375.00 $1,743.90 $233,375.20
Apr, 2029 63 $972.40 $396.50 $375.00 $1,743.90 $232,978.70
May, 2029 64 $970.74 $398.15 $375.00 $1,743.90 $232,580.55
Jun, 2029 65 $969.09 $399.81 $375.00 $1,743.90 $232,180.74
Jul, 2029 66 $967.42 $401.48 $375.00 $1,743.90 $231,779.26
Aug, 2029 67 $965.75 $403.15 $375.00 $1,743.90 $231,376.12
Sep, 2029 68 $964.07 $404.83 $375.00 $1,743.90 $230,971.29
Oct, 2029 69 $962.38 $406.51 $375.00 $1,743.90 $230,564.77
Nov, 2029 70 $960.69 $408.21 $375.00 $1,743.90 $230,156.57
Dec, 2029 71 $958.99 $409.91 $375.00 $1,743.90 $229,746.66
Jan, 2030 72 $957.28 $411.62 $375.00 $1,743.90 $229,335.04
Feb, 2030 73 $955.56 $413.33 $375.00 $1,743.90 $228,921.71
Mar, 2030 74 $953.84 $415.05 $375.00 $1,743.90 $228,506.65
Apr, 2030 75 $952.11 $416.78 $375.00 $1,743.90 $228,089.87
May, 2030 76 $950.37 $418.52 $375.00 $1,743.90 $227,671.35
Jun, 2030 77 $948.63 $420.26 $375.00 $1,743.90 $227,251.08
Jul, 2030 78 $946.88 $422.02 $375.00 $1,743.90 $226,829.07
Aug, 2030 79 $945.12 $423.77 $375.00 $1,743.90 $226,405.29
Sep, 2030 80 $943.36 $425.54 $375.00 $1,743.90 $225,979.75
Oct, 2030 81 $941.58 $427.31 $375.00 $1,743.90 $225,552.44
Nov, 2030 82 $939.80 $429.09 $375.00 $1,743.90 $225,123.35
Dec, 2030 83 $938.01 $430.88 $375.00 $1,743.90 $224,692.47
Jan, 2031 84 $936.22 $432.68 $375.00 $1,743.90 $224,259.79
Feb, 2031 85 $934.42 $434.48 $375.00 $1,743.90 $223,825.31
Mar, 2031 86 $932.61 $436.29 $375.00 $1,743.90 $223,389.02
Apr, 2031 87 $930.79 $438.11 $375.00 $1,743.90 $222,950.91
May, 2031 88 $928.96 $439.93 $375.00 $1,743.90 $222,510.98
Jun, 2031 89 $927.13 $441.77 $375.00 $1,743.90 $222,069.21
Jul, 2031 90 $925.29 $443.61 $375.00 $1,743.90 $221,625.61
Aug, 2031 91 $923.44 $445.46 $375.00 $1,743.90 $221,180.15
Sep, 2031 92 $921.58 $447.31 $375.00 $1,743.90 $220,732.84
Oct, 2031 93 $919.72 $449.17 $375.00 $1,743.90 $220,283.66
Nov, 2031 94 $917.85 $451.05 $375.00 $1,743.90 $219,832.62
Dec, 2031 95 $915.97 $452.93 $375.00 $1,743.90 $219,379.69
Jan, 2032 96 $914.08 $454.81 $375.00 $1,743.90 $218,924.88
Feb, 2032 97 $912.19 $456.71 $375.00 $1,743.90 $218,468.17
Mar, 2032 98 $910.28 $458.61 $375.00 $1,743.90 $218,009.56
Apr, 2032 99 $908.37 $460.52 $375.00 $1,743.90 $217,549.04
May, 2032 100 $906.45 $462.44 $375.00 $1,743.90 $217,086.60
Jun, 2032 101 $904.53 $464.37 $375.00 $1,743.90 $216,622.23
Jul, 2032 102 $902.59 $466.30 $375.00 $1,743.90 $216,155.93
Aug, 2032 103 $900.65 $468.25 $375.00 $1,743.90 $215,687.68
Sep, 2032 104 $898.70 $470.20 $375.00 $1,743.90 $215,217.49
Oct, 2032 105 $896.74 $472.16 $375.00 $1,743.90 $214,745.33
Nov, 2032 106 $894.77 $474.12 $375.00 $1,743.90 $214,271.21
Dec, 2032 107 $892.80 $476.10 $375.00 $1,743.90 $213,795.11
Jan, 2033 108 $890.81 $478.08 $375.00 $1,743.90 $213,317.03
Feb, 2033 109 $888.82 $480.07 $375.00 $1,743.90 $212,836.95
Mar, 2033 110 $886.82 $482.07 $375.00 $1,743.90 $212,354.88
Apr, 2033 111 $884.81 $484.08 $375.00 $1,743.90 $211,870.79
May, 2033 112 $882.79 $486.10 $375.00 $1,743.90 $211,384.69
Jun, 2033 113 $880.77 $488.13 $375.00 $1,743.90 $210,896.57
Jul, 2033 114 $878.74 $490.16 $375.00 $1,743.90 $210,406.41
Aug, 2033 115 $876.69 $492.20 $375.00 $1,743.90 $209,914.21
Sep, 2033 116 $874.64 $494.25 $375.00 $1,743.90 $209,419.95
Oct, 2033 117 $872.58 $496.31 $375.00 $1,743.90 $208,923.64
Nov, 2033 118 $870.52 $498.38 $375.00 $1,743.90 $208,425.26
Dec, 2033 119 $868.44 $500.46 $375.00 $1,743.90 $207,924.81
Jan, 2034 120 $866.35 $502.54 $375.00 $1,743.90 $207,422.26
Feb, 2034 121 $864.26 $504.64 $375.00 $1,743.90 $206,917.63
Mar, 2034 122 $862.16 $506.74 $375.00 $1,743.90 $206,410.89
Apr, 2034 123 $860.05 $508.85 $375.00 $1,743.90 $205,902.04
May, 2034 124 $857.93 $510.97 $375.00 $1,743.90 $205,391.07
Jun, 2034 125 $855.80 $513.10 $375.00 $1,743.90 $204,877.97
Jul, 2034 126 $853.66 $515.24 $375.00 $1,743.90 $204,362.73
Aug, 2034 127 $851.51 $517.38 $375.00 $1,743.90 $203,845.35
Sep, 2034 128 $849.36 $519.54 $375.00 $1,743.90 $203,325.81
Oct, 2034 129 $847.19 $521.70 $375.00 $1,743.90 $202,804.11
Nov, 2034 130 $845.02 $523.88 $375.00 $1,743.90 $202,280.23
Dec, 2034 131 $842.83 $526.06 $375.00 $1,743.90 $201,754.17
Jan, 2035 132 $840.64 $528.25 $375.00 $1,743.90 $201,225.92
Feb, 2035 133 $838.44 $530.45 $375.00 $1,743.90 $200,695.46
Mar, 2035 134 $836.23 $532.66 $375.00 $1,743.90 $200,162.80
Apr, 2035 135 $834.01 $534.88 $375.00 $1,743.90 $199,627.91
May, 2035 136 $831.78 $537.11 $375.00 $1,743.90 $199,090.80
Jun, 2035 137 $829.55 $539.35 $375.00 $1,743.90 $198,551.45
Jul, 2035 138 $827.30 $541.60 $375.00 $1,743.90 $198,009.85
Aug, 2035 139 $825.04 $543.85 $375.00 $1,743.90 $197,466.00
Sep, 2035 140 $822.78 $546.12 $375.00 $1,743.90 $196,919.88
Oct, 2035 141 $820.50 $548.40 $375.00 $1,743.90 $196,371.48
Nov, 2035 142 $818.21 $550.68 $375.00 $1,743.90 $195,820.80
Dec, 2035 143 $815.92 $552.98 $375.00 $1,743.90 $195,267.83
Jan, 2036 144 $813.62 $555.28 $375.00 $1,743.90 $194,712.55
Feb, 2036 145 $811.30 $557.59 $375.00 $1,743.90 $194,154.96
Mar, 2036 146 $808.98 $559.92 $375.00 $1,743.90 $193,595.04
Apr, 2036 147 $806.65 $562.25 $375.00 $1,743.90 $193,032.79
May, 2036 148 $804.30 $564.59 $375.00 $1,743.90 $192,468.20
Jun, 2036 149 $801.95 $566.94 $375.00 $1,743.90 $191,901.26
Jul, 2036 150 $799.59 $569.31 $375.00 $1,743.90 $191,331.95
Aug, 2036 151 $797.22 $571.68 $375.00 $1,743.90 $190,760.27
Sep, 2036 152 $794.83 $574.06 $375.00 $1,743.90 $190,186.21
Oct, 2036 153 $792.44 $576.45 $375.00 $1,743.90 $189,609.76
Nov, 2036 154 $790.04 $578.85 $375.00 $1,743.90 $189,030.90
Dec, 2036 155 $787.63 $581.27 $375.00 $1,743.90 $188,449.64
Jan, 2037 156 $785.21 $583.69 $375.00 $1,743.90 $187,865.95
Feb, 2037 157 $782.77 $586.12 $375.00 $1,743.90 $187,279.83
Mar, 2037 158 $780.33 $588.56 $375.00 $1,743.90 $186,691.26
Apr, 2037 159 $777.88 $591.01 $375.00 $1,743.90 $186,100.25
May, 2037 160 $775.42 $593.48 $375.00 $1,743.90 $185,506.77
Jun, 2037 161 $772.94 $595.95 $375.00 $1,743.90 $184,910.82
Jul, 2037 162 $770.46 $598.43 $375.00 $1,743.90 $184,312.39
Aug, 2037 163 $767.97 $600.93 $375.00 $1,743.90 $183,711.46
Sep, 2037 164 $765.46 $603.43 $375.00 $1,743.90 $183,108.03
Oct, 2037 165 $762.95 $605.95 $375.00 $1,743.90 $182,502.09
Nov, 2037 166 $760.43 $608.47 $375.00 $1,743.90 $181,893.62
Dec, 2037 167 $757.89 $611.01 $375.00 $1,743.90 $181,282.61
Jan, 2038 168 $755.34 $613.55 $375.00 $1,743.90 $180,669.06
Feb, 2038 169 $752.79 $616.11 $375.00 $1,743.90 $180,052.95
Mar, 2038 170 $750.22 $618.67 $375.00 $1,743.90 $179,434.28
Apr, 2038 171 $747.64 $621.25 $375.00 $1,743.90 $178,813.03
May, 2038 172 $745.05 $623.84 $375.00 $1,743.90 $178,189.19
Jun, 2038 173 $742.45 $626.44 $375.00 $1,743.90 $177,562.75
Jul, 2038 174 $739.84 $629.05 $375.00 $1,743.90 $176,933.69
Aug, 2038 175 $737.22 $631.67 $375.00 $1,743.90 $176,302.02
Sep, 2038 176 $734.59 $634.30 $375.00 $1,743.90 $175,667.72
Oct, 2038 177 $731.95 $636.95 $375.00 $1,743.90 $175,030.77
Nov, 2038 178 $729.29 $639.60 $375.00 $1,743.90 $174,391.17
Dec, 2038 179 $726.63 $642.27 $375.00 $1,743.90 $173,748.91
Jan, 2039 180 $723.95 $644.94 $375.00 $1,743.90 $173,103.97
Feb, 2039 181 $721.27 $647.63 $375.00 $1,743.90 $172,456.34
Mar, 2039 182 $718.57 $650.33 $375.00 $1,743.90 $171,806.01
Apr, 2039 183 $715.86 $653.04 $375.00 $1,743.90 $171,152.97
May, 2039 184 $713.14 $655.76 $375.00 $1,743.90 $170,497.22
Jun, 2039 185 $710.41 $658.49 $375.00 $1,743.90 $169,838.73
Jul, 2039 186 $707.66 $661.23 $375.00 $1,743.90 $169,177.49
Aug, 2039 187 $704.91 $663.99 $375.00 $1,743.90 $168,513.50
Sep, 2039 188 $702.14 $666.76 $375.00 $1,743.90 $167,846.75
Oct, 2039 189 $699.36 $669.53 $375.00 $1,743.90 $167,177.21
Nov, 2039 190 $696.57 $672.32 $375.00 $1,743.90 $166,504.89
Dec, 2039 191 $693.77 $675.12 $375.00 $1,743.90 $165,829.77
Jan, 2040 192 $690.96 $677.94 $375.00 $1,743.90 $165,151.83
Feb, 2040 193 $688.13 $680.76 $375.00 $1,743.90 $164,471.07
Mar, 2040 194 $685.30 $683.60 $375.00 $1,743.90 $163,787.47
Apr, 2040 195 $682.45 $686.45 $375.00 $1,743.90 $163,101.02
May, 2040 196 $679.59 $689.31 $375.00 $1,743.90 $162,411.71
Jun, 2040 197 $676.72 $692.18 $375.00 $1,743.90 $161,719.53
Jul, 2040 198 $673.83 $695.06 $375.00 $1,743.90 $161,024.47
Aug, 2040 199 $670.94 $697.96 $375.00 $1,743.90 $160,326.51
Sep, 2040 200 $668.03 $700.87 $375.00 $1,743.90 $159,625.64
Oct, 2040 201 $665.11 $703.79 $375.00 $1,743.90 $158,921.85
Nov, 2040 202 $662.17 $706.72 $375.00 $1,743.90 $158,215.13
Dec, 2040 203 $659.23 $709.67 $375.00 $1,743.90 $157,505.47
Jan, 2041 204 $656.27 $712.62 $375.00 $1,743.90 $156,792.84
Feb, 2041 205 $653.30 $715.59 $375.00 $1,743.90 $156,077.25
Mar, 2041 206 $650.32 $718.57 $375.00 $1,743.90 $155,358.68
Apr, 2041 207 $647.33 $721.57 $375.00 $1,743.90 $154,637.11
May, 2041 208 $644.32 $724.57 $375.00 $1,743.90 $153,912.54
Jun, 2041 209 $641.30 $727.59 $375.00 $1,743.90 $153,184.95
Jul, 2041 210 $638.27 $730.62 $375.00 $1,743.90 $152,454.32
Aug, 2041 211 $635.23 $733.67 $375.00 $1,743.90 $151,720.65
Sep, 2041 212 $632.17 $736.73 $375.00 $1,743.90 $150,983.93
Oct, 2041 213 $629.10 $739.80 $375.00 $1,743.90 $150,244.13
Nov, 2041 214 $626.02 $742.88 $375.00 $1,743.90 $149,501.25
Dec, 2041 215 $622.92 $745.97 $375.00 $1,743.90 $148,755.28
Jan, 2042 216 $619.81 $749.08 $375.00 $1,743.90 $148,006.20
Feb, 2042 217 $616.69 $752.20 $375.00 $1,743.90 $147,254.00
Mar, 2042 218 $613.56 $755.34 $375.00 $1,743.90 $146,498.66
Apr, 2042 219 $610.41 $758.48 $375.00 $1,743.90 $145,740.17
May, 2042 220 $607.25 $761.64 $375.00 $1,743.90 $144,978.53
Jun, 2042 221 $604.08 $764.82 $375.00 $1,743.90 $144,213.71
Jul, 2042 222 $600.89 $768.00 $375.00 $1,743.90 $143,445.71
Aug, 2042 223 $597.69 $771.20 $375.00 $1,743.90 $142,674.50
Sep, 2042 224 $594.48 $774.42 $375.00 $1,743.90 $141,900.08
Oct, 2042 225 $591.25 $777.64 $375.00 $1,743.90 $141,122.44
Nov, 2042 226 $588.01 $780.88 $375.00 $1,743.90 $140,341.56
Dec, 2042 227 $584.76 $784.14 $375.00 $1,743.90 $139,557.42
Jan, 2043 228 $581.49 $787.41 $375.00 $1,743.90 $138,770.01
Feb, 2043 229 $578.21 $790.69 $375.00 $1,743.90 $137,979.32
Mar, 2043 230 $574.91 $793.98 $375.00 $1,743.90 $137,185.34
Apr, 2043 231 $571.61 $797.29 $375.00 $1,743.90 $136,388.05
May, 2043 232 $568.28 $800.61 $375.00 $1,743.90 $135,587.44
Jun, 2043 233 $564.95 $803.95 $375.00 $1,743.90 $134,783.49
Jul, 2043 234 $561.60 $807.30 $375.00 $1,743.90 $133,976.20
Aug, 2043 235 $558.23 $810.66 $375.00 $1,743.90 $133,165.54
Sep, 2043 236 $554.86 $814.04 $375.00 $1,743.90 $132,351.50
Oct, 2043 237 $551.46 $817.43 $375.00 $1,743.90 $131,534.07
Nov, 2043 238 $548.06 $820.84 $375.00 $1,743.90 $130,713.23
Dec, 2043 239 $544.64 $824.26 $375.00 $1,743.90 $129,888.97
Jan, 2044 240 $541.20 $827.69 $375.00 $1,743.90 $129,061.28
Feb, 2044 241 $537.76 $831.14 $375.00 $1,743.90 $128,230.14
Mar, 2044 242 $534.29 $834.60 $375.00 $1,743.90 $127,395.54
Apr, 2044 243 $530.81 $838.08 $375.00 $1,743.90 $126,557.46
May, 2044 244 $527.32 $841.57 $375.00 $1,743.90 $125,715.89
Jun, 2044 245 $523.82 $845.08 $375.00 $1,743.90 $124,870.81
Jul, 2044 246 $520.30 $848.60 $375.00 $1,743.90 $124,022.21
Aug, 2044 247 $516.76 $852.14 $375.00 $1,743.90 $123,170.07
Sep, 2044 248 $513.21 $855.69 $375.00 $1,743.90 $122,314.39
Oct, 2044 249 $509.64 $859.25 $375.00 $1,743.90 $121,455.13
Nov, 2044 250 $506.06 $862.83 $375.00 $1,743.90 $120,592.30
Dec, 2044 251 $502.47 $866.43 $375.00 $1,743.90 $119,725.87
Jan, 2045 252 $498.86 $870.04 $375.00 $1,743.90 $118,855.84
Feb, 2045 253 $495.23 $873.66 $375.00 $1,743.90 $117,982.17
Mar, 2045 254 $491.59 $877.30 $375.00 $1,743.90 $117,104.87
Apr, 2045 255 $487.94 $880.96 $375.00 $1,743.90 $116,223.91
May, 2045 256 $484.27 $884.63 $375.00 $1,743.90 $115,339.28
Jun, 2045 257 $480.58 $888.31 $375.00 $1,743.90 $114,450.97
Jul, 2045 258 $476.88 $892.02 $375.00 $1,743.90 $113,558.95
Aug, 2045 259 $473.16 $895.73 $375.00 $1,743.90 $112,663.22
Sep, 2045 260 $469.43 $899.47 $375.00 $1,743.90 $111,763.76
Oct, 2045 261 $465.68 $903.21 $375.00 $1,743.90 $110,860.54
Nov, 2045 262 $461.92 $906.98 $375.00 $1,743.90 $109,953.57
Dec, 2045 263 $458.14 $910.76 $375.00 $1,743.90 $109,042.81
Jan, 2046 264 $454.35 $914.55 $375.00 $1,743.90 $108,128.26
Feb, 2046 265 $450.53 $918.36 $375.00 $1,743.90 $107,209.90
Mar, 2046 266 $446.71 $922.19 $375.00 $1,743.90 $106,287.71
Apr, 2046 267 $442.87 $926.03 $375.00 $1,743.90 $105,361.68
May, 2046 268 $439.01 $929.89 $375.00 $1,743.90 $104,431.80
Jun, 2046 269 $435.13 $933.76 $375.00 $1,743.90 $103,498.03
Jul, 2046 270 $431.24 $937.65 $375.00 $1,743.90 $102,560.38
Aug, 2046 271 $427.33 $941.56 $375.00 $1,743.90 $101,618.82
Sep, 2046 272 $423.41 $945.48 $375.00 $1,743.90 $100,673.34
Oct, 2046 273 $419.47 $949.42 $375.00 $1,743.90 $99,723.91
Nov, 2046 274 $415.52 $953.38 $375.00 $1,743.90 $98,770.53
Dec, 2046 275 $411.54 $957.35 $375.00 $1,743.90 $97,813.18
Jan, 2047 276 $407.55 $961.34 $375.00 $1,743.90 $96,851.84
Feb, 2047 277 $403.55 $965.35 $375.00 $1,743.90 $95,886.50
Mar, 2047 278 $399.53 $969.37 $375.00 $1,743.90 $94,917.13
Apr, 2047 279 $395.49 $973.41 $375.00 $1,743.90 $93,943.72
May, 2047 280 $391.43 $977.46 $375.00 $1,743.90 $92,966.26
Jun, 2047 281 $387.36 $981.54 $375.00 $1,743.90 $91,984.72
Jul, 2047 282 $383.27 $985.63 $375.00 $1,743.90 $90,999.10
Aug, 2047 283 $379.16 $989.73 $375.00 $1,743.90 $90,009.37
Sep, 2047 284 $375.04 $993.86 $375.00 $1,743.90 $89,015.51
Oct, 2047 285 $370.90 $998.00 $375.00 $1,743.90 $88,017.51
Nov, 2047 286 $366.74 $1,002.16 $375.00 $1,743.90 $87,015.36
Dec, 2047 287 $362.56 $1,006.33 $375.00 $1,743.90 $86,009.03
Jan, 2048 288 $358.37 $1,010.52 $375.00 $1,743.90 $84,998.50
Feb, 2048 289 $354.16 $1,014.73 $375.00 $1,743.90 $83,983.77
Mar, 2048 290 $349.93 $1,018.96 $375.00 $1,743.90 $82,964.80
Apr, 2048 291 $345.69 $1,023.21 $375.00 $1,743.90 $81,941.60
May, 2048 292 $341.42 $1,027.47 $375.00 $1,743.90 $80,914.12
Jun, 2048 293 $337.14 $1,031.75 $375.00 $1,743.90 $79,882.37
Jul, 2048 294 $332.84 $1,036.05 $375.00 $1,743.90 $78,846.32
Aug, 2048 295 $328.53 $1,040.37 $375.00 $1,743.90 $77,805.95
Sep, 2048 296 $324.19 $1,044.70 $375.00 $1,743.90 $76,761.25
Oct, 2048 297 $319.84 $1,049.06 $375.00 $1,743.90 $75,712.19
Nov, 2048 298 $315.47 $1,053.43 $375.00 $1,743.90 $74,658.76
Dec, 2048 299 $311.08 $1,057.82 $375.00 $1,743.90 $73,600.94
Jan, 2049 300 $306.67 $1,062.22 $375.00 $1,743.90 $72,538.72
Feb, 2049 301 $302.24 $1,066.65 $375.00 $1,743.90 $71,472.07
Mar, 2049 302 $297.80 $1,071.09 $375.00 $1,743.90 $70,400.97
Apr, 2049 303 $293.34 $1,075.56 $375.00 $1,743.90 $69,325.42
May, 2049 304 $288.86 $1,080.04 $375.00 $1,743.90 $68,245.38
Jun, 2049 305 $284.36 $1,084.54 $375.00 $1,743.90 $67,160.84
Jul, 2049 306 $279.84 $1,089.06 $375.00 $1,743.90 $66,071.78
Aug, 2049 307 $275.30 $1,093.60 $375.00 $1,743.90 $64,978.18
Sep, 2049 308 $270.74 $1,098.15 $375.00 $1,743.90 $63,880.03
Oct, 2049 309 $266.17 $1,102.73 $375.00 $1,743.90 $62,777.30
Nov, 2049 310 $261.57 $1,107.32 $375.00 $1,743.90 $61,669.98
Dec, 2049 311 $256.96 $1,111.94 $375.00 $1,743.90 $60,558.04
Jan, 2050 312 $252.33 $1,116.57 $375.00 $1,743.90 $59,441.47
Feb, 2050 313 $247.67 $1,121.22 $375.00 $1,743.90 $58,320.25
Mar, 2050 314 $243.00 $1,125.89 $375.00 $1,743.90 $57,194.36
Apr, 2050 315 $238.31 $1,130.59 $375.00 $1,743.90 $56,063.77
May, 2050 316 $233.60 $1,135.30 $375.00 $1,743.90 $54,928.48
Jun, 2050 317 $228.87 $1,140.03 $375.00 $1,743.90 $53,788.45
Jul, 2050 318 $224.12 $1,144.78 $375.00 $1,743.90 $52,643.67
Aug, 2050 319 $219.35 $1,149.55 $375.00 $1,743.90 $51,494.13
Sep, 2050 320 $214.56 $1,154.34 $375.00 $1,743.90 $50,339.79
Oct, 2050 321 $209.75 $1,159.15 $375.00 $1,743.90 $49,180.64
Nov, 2050 322 $204.92 $1,163.98 $375.00 $1,743.90 $48,016.67
Dec, 2050 323 $200.07 $1,168.83 $375.00 $1,743.90 $46,847.84
Jan, 2051 324 $195.20 $1,173.70 $375.00 $1,743.90 $45,674.15
Feb, 2051 325 $190.31 $1,178.59 $375.00 $1,743.90 $44,495.56
Mar, 2051 326 $185.40 $1,183.50 $375.00 $1,743.90 $43,312.06
Apr, 2051 327 $180.47 $1,188.43 $375.00 $1,743.90 $42,123.63
May, 2051 328 $175.52 $1,193.38 $375.00 $1,743.90 $40,930.25
Jun, 2051 329 $170.54 $1,198.35 $375.00 $1,743.90 $39,731.90
Jul, 2051 330 $165.55 $1,203.35 $375.00 $1,743.90 $38,528.56
Aug, 2051 331 $160.54 $1,208.36 $375.00 $1,743.90 $37,320.20
Sep, 2051 332 $155.50 $1,213.39 $375.00 $1,743.90 $36,106.80
Oct, 2051 333 $150.45 $1,218.45 $375.00 $1,743.90 $34,888.35
Nov, 2051 334 $145.37 $1,223.53 $375.00 $1,743.90 $33,664.83
Dec, 2051 335 $140.27 $1,228.63 $375.00 $1,743.90 $32,436.20
Jan, 2052 336 $135.15 $1,233.74 $375.00 $1,743.90 $31,202.46
Feb, 2052 337 $130.01 $1,238.88 $375.00 $1,743.90 $29,963.57
Mar, 2052 338 $124.85 $1,244.05 $375.00 $1,743.90 $28,719.52
Apr, 2052 339 $119.66 $1,249.23 $375.00 $1,743.90 $27,470.29
May, 2052 340 $114.46 $1,254.44 $375.00 $1,743.90 $26,215.86
Jun, 2052 341 $109.23 $1,259.66 $375.00 $1,743.90 $24,956.20
Jul, 2052 342 $103.98 $1,264.91 $375.00 $1,743.90 $23,691.29
Aug, 2052 343 $98.71 $1,270.18 $375.00 $1,743.90 $22,421.10
Sep, 2052 344 $93.42 $1,275.47 $375.00 $1,743.90 $21,145.63
Oct, 2052 345 $88.11 $1,280.79 $375.00 $1,743.90 $19,864.84
Nov, 2052 346 $82.77 $1,286.12 $375.00 $1,743.90 $18,578.72
Dec, 2052 347 $77.41 $1,291.48 $375.00 $1,743.90 $17,287.23
Jan, 2053 348 $72.03 $1,296.87 $375.00 $1,743.90 $15,990.37
Feb, 2053 349 $66.63 $1,302.27 $375.00 $1,743.90 $14,688.10
Mar, 2053 350 $61.20 $1,307.69 $375.00 $1,743.90 $13,380.40
Apr, 2053 351 $55.75 $1,313.14 $375.00 $1,743.90 $12,067.26
May, 2053 352 $50.28 $1,318.61 $375.00 $1,743.90 $10,748.65
Jun, 2053 353 $44.79 $1,324.11 $375.00 $1,743.90 $9,424.54
Jul, 2053 354 $39.27 $1,329.63 $375.00 $1,743.90 $8,094.91
Aug, 2053 355 $33.73 $1,335.17 $375.00 $1,743.90 $6,759.74
Sep, 2053 356 $28.17 $1,340.73 $375.00 $1,743.90 $5,419.02
Oct, 2053 357 $22.58 $1,346.32 $375.00 $1,743.90 $4,072.70
Nov, 2053 358 $16.97 $1,351.93 $375.00 $1,743.90 $2,720.77
Dec, 2053 359 $11.34 $1,357.56 $375.00 $1,743.90 $1,363.22
Jan, 2054 360 $5.68 $1,363.22 $375.00 $1,743.90 $0.00

Compare Monthly vs. Bi-weekly

Payment Frequency Monthly Bi-weekly
Payments / Year 12 26
Each Payment $1,850.15 $906.56
Total Extra Payments $0.00 $0.00
Total Interest $237,802.25 $194,034.13
Total Tax, Insurance, PMI & Fees $139,781.25 $116,772.12
Total Payment $677,583.50 $610,806.25
Total Savings $0 $66,777.25
Payoff Date Jan, 2054 Apr, 2049


What is additional principal payment?

The additional principal payment is extra payments that are made towards the principal portion of the mortgage in addition to the regular monthly payments. Additional payments can save borrowers money in the long term as they reduce principal and interest. Depending on the size and frequency of these extra payments and the principal amount, borrowers who pay extra payments regularly may be able to pay off their mortgage years earlier and tens of thousands of dollars in savings on interest payments. There are many ways a borrower can choose to make additional payments towards their mortgage.

  • Biweekly mortgage payments - By making biweekly payments instead of the default monthly payment, borrowers will make an extra payment each year. Please visit our biweekly mortgage calculator with extra payments to learn more.
  • One time extra payment - Borrowers can make a one-time lump sum payment to reduce their mortgage principal. If they receive a special bonus from their job, or an inheritance, they can use that money to make a one-time extra payment.
  • Recurring extra payments - Borrowers can also make recurring extra payments monthly, quarterly, or annually. If you are making more money now than you used to, you can choose to pay off your mortgage faster by making regular extra payments.

No matter which type of extra payments you use, make sure they go toward the principal, and not the interest. Also, discuss with your lenders before making extra payments to make sure there are no penalties or fees.


Mortgage Calculator With Extra Payments Excel

Our loan calculator with extra payments excel has options to select a one time additional payment or set up multiple extra recurring payments. There are four multiple payment options that you can choose from, monthly, biweekly, quarterly, and yearly. Once set up, the additional mortgage payment information will be added to each of your monthly payments and you can view it from the amortization schedule extra payments excel file. There are five types of file formats that you can export the mortgage amortization with extra payments, such as xlsx (Excel after 2007), xls (older versions of Excel), csv, txt, and pdf.


How to Payoff Your Mortgage Early?

There is one reason that you may want to pay off your mortgage early, and that is to save a lot of money on interest. On a regular 30 year term mortgage with a 5% interest, a borrower may end up paying more on interest than principal. If we include other fees such as PMI, tax and insurance, the amount you pay could get much bigger. At the beginning of your 30 year term, your monthly mortgage payments will be mostly towards paying for interest, and little to pay down principal. Only when you are halfway through the 30 year term, your monthly payment starts to pay more for principal than interest. One way to reduce interest payment is through extra payment. That means a borrower makes a one time lump sum payment or makes extra payments each month or year. Some borrowers may consider bi-weekly payments which is the equivalent of making an additional payment each year. On a monthly payment plan, you make 12 payments each year whereas a bi-weekly payment plan allows you to make 13 payments. One extra payment a year may not seem a lot, but it actually saves you a lot of money and pays off your mortgage a couple of years earlier. With our additional payment mortgage calculator, you will see exactly how much you will save by making extra payments. To learn how much money you can save in paying off your mortgage, use the early mortgage payoff calculator.



Are Extra Payments Right For You?

There are many things that you need to consider before starting to make extra payments. Here are the pros and cons.

Pro of Extra Payment


  • Save on interest - You will save a lot of money on interest paid by the end of your mortgage.
  • Save on PMI - If your down payment is less than 20% for your house, lenders may require you to pay private mortgage insurance or PMI. Once your equity on the house is over 20%, the PMI is removed. When you make an additional payment towards principal, your equity will increase and allow you to get rid of PMI payments faster.
  • Payoff your mortgage years earlier - Depending on how much more you will pay extra, you could end up paying off your mortgage many years earlier than the original mortgage term.

Cons of Extra Payment


  • Do you have enough money? - First of all, you need to make sure you have enough money that you can afford the additional payments.
  • Cut spending - Making extra payments may mean that you can no longer spend as much as you used to. You may have to cut expenses and eat out less frequently.
  • Higher interest debt - If you have other debt with a higher interest rate such as credit card debts. You should pay off your credit card bill before you even consider making extra payments for your mortgage. Usually, the interest rate is way higher than a home mortgage. You will lose money in the end if you choose extra payments on your mortgage over credit card debts.
  • Job security - You may need to check the economic condition and make sure your job is safe so that you can continue to make your mortgage payments.
  • Other better Investment opportunities with your money? - Do you have any other better investment opportunities that you may need to pass on because of this extra payment.
  • Are you staying at the house for a long time? - Most of the savings are realized only if you are planning to live in the house for over 20 years. If you are selling the house in a few years, the savings of extra payment may not be worth the effort.
  • Does your lender charge a fee or prepayment penalties? - Savings for the borrower means losses to the lender. Lenders make money from interest payments, and they want to maximize it from the borrower. For this reason, many lenders charge a fee or penalties for extra payment or switching payment plans. Make sure you talk to your lender first.

Everybody's situation is different, so there may be other things that you need to think about before committing to extra payment. If you do decide to make extra payments for your mortgage, make sure the money goes towards paying down principal instead of interest.


How to use the amortization calculator with extra payments

You can use our amortization calculator with extra payments to estimate how much you can save in interest payments with your mortgage. There are four types of extra payments that you can choose from, one time lump sum payments, recurring monthly or biweekly payments, quarterly, and yearly payments. Calculate exactly how much interest payment you can save using our mortgage calculator with extra principal payments. Following are the mortgage calculator definitions Home Value - The estimated value of your property. Down Payment - How much you put down on the house. You can enter the down payment as a percentage of the house or a dollar amount. Mortgage Amount - How much mortgage are you planning to apply for. When you enter the home value and down payment, this field is automatically calculated for you. Loan Terms - How long is your loan terms. The 15-year and 30-year terms are the most common ones. Interest Rate - How much interest will you be paying for the mortgage. PMI - If your down payment is less than 20%, you may have to pay the private mortgage insurance which is an extra cost. Once your equity on the house reaches 20%, you can contact your lender to remove the PMI payment. Property Tax - How much tax are you paying for your property. The property tax varies depending on where you live. You can enter it as a dollar amount or as a percentage of your house. Home Insurance - How much will you be paying for home insurance. Again, you can enter this field as a percentage or dollar amount. HOA Fees - Do you have to pay any homeowners association fees or HOA fees? This is the fee that is required in some residential properties. Payment Frequency - You can choose monthly or bi-weekly. Bi-weekly payments are different from paying two times a month. There are 52 weeks in a year, bi-weekly payment means you make 26 payments each year. First Payment Date - You can choose any payment date as you wish. It can be a date from the past, today, or some other date in the future. Amortization Schedule - You have the option to show the amortization schedule in monthly or yearly format. Extra Payment - Select yes for extra payments, and no for regular payments. If you select extra payment, you need to enter at least one of the four types of additional payment. The additional payment option includes one time, biweekly, quarterly, and yearly.



Amortization Schedule with Extra Payments

The mortgage calculator will give you a summary of the mortgage, such as total extra payment, interest paid, tax, insurance, PMI and fees, and payoff date. You will also get an amortization schedule that shows the details of each payment showing how much you are paying in interest, principal, tax & insurance, PMI, and other fees, as well as the remaining balance on the mortgage. At the end of the amortization schedule, you will see a comparison table between your original mortgage against the one with extra payment. The comparison table shows the difference between total interest, tax, insurance, PMI, and fees, as well as the total payment and savings. The results are exportable and you can download them as a pdf file or in excel format. You can also share the result of the mortgage calculation by sharing the URL with the preset data that you enter.

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